MarketsFarm — So far this winter grain movement in Canada has yet to incur few — if any — major problems that have stymied rail shipments, according to Mark Hemmes, president of Quorum Corp., which tracks rail movement in Canada. Canadian Pacific Railway and Canadian National Railway (CP, CN) have been doing good jobs during […] Read more
Absence of issues leads to January record for grain movement
CN, CP so far see 'calamity-free' 2022-23
Chequebook will get a workout, but a good year expected
Economist predicts a five per cent rise in input costs, but says commodity prices should stay high
Reading Time: 3 minutes Think the 2022 crop was the most expensive ever put into the ground? This year might give it a run for its money. The good news, such as it is, is that input costs are no longer shooting up as fast as they did last year. “For 2023 we’re expecting an increase (in fertilizer prices) […] Read more
Acclaimed Manitoba stored grain researcher now Alberta bound
Digvir Jayas named president at University of Lethbridge
A leading Canadian researcher and expert in safe storage of grain is headed westbound and up to the head office at another Prairie university. Dr. Digvir Jayas, currently on sabbatical as professor and vice-president (research and international) at the University of Manitoba, will become president and vice-chancellor at the University of Lethbridge effective July 1 […] Read more
Pulse weekly outlook: India looking for lentils, large Australian crop in play
India extends zero-rate tariff
MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more
U.S. wants WTO dispute system fixed by 2024
Appeals body frozen since Trump era; Washington 'very committed' to reform
Geneva | Reuters — The United States is entering a third phase of talks with countries to reform the World Trade Organization’s (WTO) hobbled trade dispute arbitration system and aims for it to be “fully functioning” by the end of 2024, the U.S. ambassador to the WTO told Reuters on Thursday. The WTO’s appeals bench, […] Read more
Pulse weekly outlook: Chickpea prices up ahead of India harvest
Early outlook calls for more Canadian acres in 2023
MarketsFarm — Western Canadian chickpea prices are still on the rise while prices for other pulse crops are coming down as supply increases. High-delivered bids for Kabuli and B-90 types of chickpeas rose four cents per pound over the past week, according to Prairie Ag Hotwire on Jan. 23. As a result, the nine- and […] Read more
Pulse weekly outlook: New Year’s pressure drags on North Dakota peas
Pea prices relatively higher north of border
MarketsFarm — Pea prices in North Dakota have been feeling pressure from the New Year, according to Landon Lechler of Beach Co-operative at Beach, N.D., about 360 km south of Weyburn, Sask. Besides the turning of the calendar New Year, Lechler said the upcoming Chinese New Year has slowed export demand for yellow and green […] Read more
Ocean freight rates falling
Baltic index at lowest since mid-2020
MarketsFarm — Ocean freight rates are under pressure to start 2023, with the Baltic Dry Index (BDI) dipping to its lowest level since June 2020 as poor demand for vessels weighed on values. A seasonal slowdown of cargo movement ahead of the Chinese New Year was seen as contributing to the latest softness, despite easing […] Read more
New version of grain contract guide available
Reading Time: < 1 minute The fourth edition of the Canadian Canola Growers Association guide to understanding grain contracts is now available. The 28-page Practical Guide to Navigate Grain Contracts covers topics such as the grading process, delivery terms and declarations, delivery penalties, access to land (such as for picking up grain or for sampling purposes), defaults, contract cancellation, acts […] Read more
Pulse weekly outlook: New-crop green lentil bids in line with year ago
MarketsFarm — New-crop lentil bids are starting to become available in Western Canada, with early pricing indications for green lentils not that far off the levels seen at the same time a year ago. New-crop pricing for large green lentils delivered to the elevator in the fall of 2023 can currently be found in the […] Read more
Cyber-Savvy Farmer
